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434 PROSPECT Place #3
About This Property
As you step inside, you're welcomed by a delightful open-plan chef's kitchen featuring a Bertazzoni vented gas range, Viking refrigerator, a separate wine fridge, and a Bosch dishwasher. Custom cabinetry and Caesarstone countertops provide fantastic storage and work space. This kitchen transitions seamlessly into the spacious living area. Lovely light streams in through large bay windows which overlook the treetops of Prospect Place. An original marble mantle surrounds the working WOODBURNING FIREPLACE and is framed by exposed brick walls. The versatile layout offers a bedroom adjacent to the living room that could also be used as a home office or easily opened up, creating additional living space.
Nestled quietly down the hall are two peaceful south-facing bedrooms. The serene primary bedroom showcases a modern en-suite bath featuring a deep soaking tub, marble tile, and a custom vanity. Gorgeous light streams through the oversized sliding glass doors that lead to the large private balcony. Both bedrooms are well-proportioned and have large closets complete with custom closet systems. The windowed main bath has modern finishes and fixtures, including a walk-in shower.
Best of all, one flight up, the entire front half of the roof is for the exclusive use of apartment #3. With beautiful views, this expansive space provides plenty of room for lounging, dining, and gardening. It's easy to imagine spending your summer nights here.
Other features of the apartment include a stacked vented washer/dryer, ductless mini-split ACs, high ceilings, bamboo floors, a large deeded private storage room, stroller parking and incredibly low monthlies including a tax abatement until 2034!
Nestled on a tree-lined block at the crossroads of Prospect Heights & Crown Heights; minutes from the amazing shops and eateries on Washington and Vanderbilt Avenues, and with easy access to the Brooklyn Museum, Prospect Park, Botanical Gardens and 2, 3, 4, 5, B, Q, and C subway lines, the location is fantastic.. Pet friendly too!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 1, 2024 | Sold | ||
| Sold | |||
| May 18, 2024 | In contract | - | |
| In contract | |||
| May 2, 2024 | Listed by Corcoran Group | $1,645,000 | |
| Listed by Corcoran Group | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/02/2024
|
3 Bed
|
2 Bath
|
1151 ft²
|
$1,595,000
3 Bed
2 Bath
1151 ft²
|
$1,645,000
+3.13%
08/01/2024
|
Heather McMaster
The Corcoran Group
| |
|
01/21/2021
|
3 Bed
|
3 Bath
|
2009 ft²
|
$2,150,000
3 Bed
3 Bath
2009 ft²
|
$2,125,000
-1.16%
01/25/2022
|
Sharon Burroughs
Corcoran Group
| |
|
03/28/2019
|
3 Bed
|
2 Bath
|
1136 ft²
|
$1,250,000
3 Bed
2 Bath
1136 ft²
|
$1,285,000
+2.80%
07/12/2019
|
Alexis Kravitz
Compass
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017